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      Question

      Under Schedule III, which of the following is classified

      under ā€˜Other Current Liabilities’?
      A Trade Payables Correct Answer Incorrect Answer
      B Provision for Tax Correct Answer Incorrect Answer
      C Deferred Tax Liability Correct Answer Incorrect Answer
      D Current Maturity of Long-term Debt Correct Answer Incorrect Answer

      Solution

      Current maturities of long-term debt must be shown under ā€œOther Current Liabilitiesā€.

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